Cummins Inc has announced Dawaleh Technology and Trading plc as its official and sole distributor in Ethiopia. 
Cummins specializes in the design and manufacture of heavy duty filtration systems, coolant, exhaust and fuel additive technology for all diesel powered engines.
Add a comment Add a commentThe Privatization and Public Enterprise Supervisory Agency in Ethiopia announced that it has earned a total of 762 million birr in revenue over the first two quarters of the fiscal year from the various enterprises under its administration.
The revenue raised by the agency is less than the 1 billion birr target it had set but up 230 million from the same period last year.
The revenue was raised by 53 public enterprises administered by PPESA excluding revenue for agricultural enterprises, which accounts for the deficit from the target revenue according to Wendafrash Assefa, Head of Public Relations with PPESA.
Add a comment Add a commentNational Bank of Ethiopia received its first request for 250 grams of 18 carat of gold from Teklu Desta Jewellery. 
The order for the minimum amount set by the central bank five months ago by the regulation compelling goldsmiths to purchase gold bars exclusively from it as of November of last year.
Teklu Desta has become the first Jeweler to purchase the gold from the central bank with other goldsmiths discouraged by the higher rates set by the bank.
Add a comment Add a commentThe Revenues and Customs Authority in Ethiopia is to undertake significant organizational restructuring and operational 
changes expected to be comprehensive.
Senior officials at the authority have launched a study to determine areas that require reform following recommendations from the office of the Ethiopian Prime Minster according to sources.
It is expected that changes will include the decentralization of operations at ERCA requiring adjustments to the organizational structure.
Add a comment Add a commentEthiopia signed an agreement to cooperate in air services with Singapore last week according to the Ethiopian Civil Aviation 
Authority.
The Air Services Agreement will enable airlines from both countries to operate specified numbers of cargo and passenger flights between Ethiopia and Singapore as well as to other countries.
The agreement was signed by Getachew Mengeste, Ethiopian State Minister for Transport and Josephine Teo, State Minister for Finance and Transport, Singapore.
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